Personal Finance for all your needs

You can use proceeds of a Mashreq Personal Finance for all your planned and unexpected needs: For example: 1. Consolidate debts, such as combining multiple credit cards or other debts into one finance 2. Plan a vacation with family / friends 3. Renovate your home 4. Plan that grand wedding 5. Fund self / child’s education needs 6. Attend to medical needs 7. Invest in lucrative opportunities 8. Interim Needs 9. Property purchase in your Home Country / Overseas*

* As per the UAE Central Bank Guidelines, if a customer is availing a home finance in the UAE, for a UAE property, the customer cannot avail a Personal finance to fund the down payment of the property purchase

The proceeds of the Mashreq Personal Finance for Emiratis will be credited to your Mashreq / Mashreq Al Islami bank account. In certain buy-out or debt consolidation cases, as per your instructions, the payment will be made to another bank / financial institution.

EMI (Equated Monthly Installment) is calculated based on the total amount of your finance, the finance tenure, first due date and the annual reducing profit rate.

With a Mashreq Personal Finance for Emiratis, you enjoy following additional benefits: 1. Zero balance current account for personal finance greater than or equal to AED 25,000 along with Cheque Book facility and a Debit card 2. Access to wide ATM and Branch network 3. Access to award winning Online and Mobile Banking services 4. Bundled Propositions and Special Campaigns Installment Deferment Option

The 1st due date of EMI payment is linked to your salary credit date & should be within 120 days of the finance disbursal date.

Installment deferments are not guaranteed. You can request up to 1 deferment in a calendar year subject to Bank's approval. The bank has the right to accept or decline the request.

Yes, to get Personal Finance for Emiratis, you need to transfer your salary to Mashreq.

No, you don't need to keep any assets as a security against your finance.

Minimum monthly salary of AED 10,000 Salary needs to be transferred to Mashreq Employer needs to be part of the approved list of companies with Mashreq The finance installment along with the overall regular monthly installments should not exceed 50% of the monthly salary Terms and conditions apply

Now that you have decided to avail a Mashreq Personal Finance, you may walk into a nearest Mashreq branch; alternatively you can call us on 04-424 4444 or apply online at Mashreqalislami.com or send a SMS “UAEN” to 4250 and our bank representative shall guide you further.

Mashreq offers Personal Finance up to 20 salary multiples, max AED 3 million.

Upfront costs related to a Personal Finance are Processing fees and Trade fee. Takaful fee is charged on a monthly basis along with EMI as per the Schedule of charges.

The minimum tenure for Personal Finance is 6 months and the maximum tenure is 48 months. For employees of Ministry of Defense the maximum tenor is up to 60 months.

Our profit rates are competitive. For Islamic personal finance, a flat rate and an equivalent reducing rate is shared before you apply. The finance is always set up on a reducing rate. To know more about this get in touch with our bank representative.